By Meghan Hall
Orange County-based T2 Hospitality has sold off two hotel projects in Sunnyvale that once complete will serve major firms across Silicon Valley, including Google and Apple. In a transaction that closed yesterday, T2 sold its AC Hotel and Tetra Hotel—both located on the same parcel—to Odyssey PropCo, an affiliate of TPG Capital. TPG purchased the projects for a combined $60.6 million, according to The Mercury News, who first reported the transaction. Both projects are currently under construction.
The Tetra, part of the Marriott brand, is located at 400 W. Java Dr. and will feature 186 rooms and suites. The hotel will also offer a full-service restaurant, lobby lounge bar, and 6,600 square feet of event spaces. Guests will also have access to The Mark an outdoor living room and event space, a 24/7 wellness center and raised pool and sundeck.
“For every action, there is an equal and opposite reaction. We are the counterpoint to the status quo,” states T2 about the project on its website. “The missing piece in a place in need of balance where technology is not the whole story, but only a part of it. By placing importance on the balance of the bonds between work, life, nature, and technology, we help people switch off, adjust the scales, and reconnect with the things that matter most. We intertwine all four elements to create an atmosphere and environment you can’t find anywhere else- a true escape from the expected of Silicon Valley.”
Located next door at 1235 Bordeaux Drive, the AC Hotel will also be part of the Marriott brand. The hotel will feature about 164 “tech-savvy” rooms. Guests will have access to a sundeck with fire pit, two media salons for small meetings, an AC Library, as well as a bar and lounge.
Designed by DLR Group, the two hotels will be connected via a covered open space and third level podium deck. At the street level, a communal park and lounge area decorated with public art will serve as an amenity to both hotel guests and surrounding community. The projects will feature clean, contemporary architecture as an ode to the surrounding technology industry. DLR has selected a materials palette of concrete, plaster, steel, galvanized and painted metal accents, and glazing.
“Developed by T2 Hospitality and situated in the middle of Silicon Valley in Sunnyvale, this unique dual branded Tetra, Marriott Autograph Collection and AC Hotel Silicon Valley property offers a place to recharge from the world’s high-tech hub,” notes DLR. “The exterior colors are simple and subdued. The attractive design of contemporary architecture contributes to the urban design and planning of the overall Moffett Park plan area.”